Crypto Treasury Risks Mirror 2008 Financial Crisis: Analyst

Bitcoin (BTC) and crypto treasury companies pose significant risks similar to the collateralized debt obligations (CDOs) that triggered the 2007-2008 financial crisis, according to Josip Rupena, CEO of lending platform Milo and former Goldman Sachs analyst. Rupena told Cointelegraph that these companies utilize bearer assets with no counterparty risk and introduce layers of risk, including potential shortcomings in corporate management, cybersecurity, and cash flow generation.